re: Son’s college savings account has lost $6351.75 this year so far.

How old is your son?
But remember, keep buying at a discount and keep building it.

Something to consider also, He has roughly 4 years before college. But loans in college are 0% while in college. You essentially have until he graduates for a rebound and to keep building it, and pay it back before the interest kicks in. (Not investment advice)

I feel ya. I was counting on using the 529 plus a baseball scholarship.

Now I have to hope Jaxxyn gets drafted out of high school.

Don't try and time the market you will just make it worse for yourself.

no money is lost until you sell.....

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If you saw his GF you’d swear he was a Sr QB.

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Creepy

Yea, it is.

3-4 years.

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Skip college and let him learn an in demand trade.

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Much like college, only if he’s suited to work in a trade. There’s not a lot of demand for electricians or plumbers who don’t have the skill set or talent to do the work. For those that have the talent and desire, nothing at all wrong with working with your hands.

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The advantage of a college degree is being diluted daily.

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A graduate degree in Women’s Studies doesn’t have much earning potential for the average graduate. But even an undergrad degree in a STEM field should get you close to six figures straight out of college. My cousin recently graduated with a major in chemical engineering and a minor in computer science. The kid has no personality, but he’s crazy smart. $110K is where he started his first “real” job last year.
A friend of mine’s son graduated years ago with an engineering degree and now runs his own nanotechnology company. He was a multi-millionaire before age 30.

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At some point we will have millions of History, English, Liberal Arts, etc majors walking around desperately looking for someone to hook up electricity to their apartment or run plumbing to their homes.

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Like I said, certain liberal arts majors aren’t going to make you a baller. But you can’t use those majors as examples for the earning potential of EVERY college graduate.

And even in trades, you have to think it through, which (speaking from experience) is hard to do for a wide eyed 18-20 year old.

My girlfriend’s grandson is getting an associates degree in automotive something or other from the local community college. Says he wants to be a car tuner. Said that he’ll soon be able to tune cars like I have. He’s not stupid, just a typical know-it-all 20 year old. I suggested that he first learn about EVs… THAT’s the future in automotive. Nah! Wants to tune high performance ICE cars. Good luck with that. I might let him “tune” my riding mower. But no way I’d even let him touch something with a $30k built engine. Not my little monkey… not my little circus.

All that to say, there’s no ONE path to success that applies to everyone.

I put in the same amount each paycheck, and have since here since he was little. His 7-12th school is about $10k/yr…so we just assume we’ll be cutting checks like that through college as well, to supplement the 529. He’s going into 10th next year.